This Is What Land Flipping Looks Lik
A land flipper reports active deals to their coach, including a Tennessee property being bought for $30K and sold for $40K closing this Friday. They also mention an assignment deal in Texas sourced from their coaching group and a promising Alabama lead with a potential $60K profit margin.
Summary
In this brief coaching check-in, a land flipping student updates their coach on multiple active deals across three states. The first deal involves a Tennessee property where the student is buying for $30,000 and selling for $40,000, with the new buyer covering all closing costs. The paperwork for this transaction is expected to close on Friday.
The student also references a second deal — an assignment in Texas — which was sourced directly through the coaching program or group ('from you guys'). Details on this deal are limited in the transcript.
Finally, the student mentions a promising lead in Alabama, where they are looking to purchase a property for approximately $40,000 and sell it for around $100,000, representing a potential gross profit of approximately $60,000. The student appears engaged and actively managing a pipeline of land deals simultaneously.
Key Insights
- The speaker is buying a Tennessee property for $30K and selling for $40K, with the buyer covering all closing costs, netting a cleaner margin on the deal.
- The speaker expects all paperwork for the Tennessee deal to close this Friday, indicating an imminent transaction.
- The speaker sourced a Texas assignment deal directly through the coaching group ('from you guys'), suggesting the program provides deal flow or leads to members.
- The speaker is working an Alabama lead where they aim to buy for around $40K and sell for approximately $100K, targeting a ~$60K gross profit.
- The speaker is simultaneously managing deals in three different states — Tennessee, Texas, and Alabama — reflecting a multi-market land flipping approach.
Topics
Transcript
[0:00] coach. >> Yeah. So, I have a buy for 30 and then sell for 40. The new buyers covering all the closing costs in Tennessee and I'm taking care of that today. All the paper rolls will go down this Friday. And then I've got a deal that I got actually from you guys, the assignment in Texas. And then I've got another lead that I'm working on right now in Alabama as well too. I'm looking to buy for Brown 40 and then sell for probably around 100. So let you
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